Bulk Oil Storage and Transportation (BOST) has cleared all its debts, including a significant 160 million cedis bank debt, with the help of the government and its own funds. Managing….
The Ministry of Finance, following the recent domestic debt restructuring and ongoing negotiations with international creditors, has implemented strategies to stabilise the economy. Deputy Minister of Finance, Dr Alex Ampabeng….
The government will borrow about ¢2.57 billion today September 29, 2023, to refinance maturing bills worth ¢2.41 billion. This is coming after the country’s debt went up by about ¢6.3….
The government’s indebtedness to the Independent Power Producers (IPPs) is expected to hit $2.2 billion by the end of July 2023. To this end, the IPPs will convey an emergency….
Ghana’s debt to Gross Domestic Product (GDP) ratio (excluding guaranteed debt) would decline to about 58% of GDP by 2026, rating agency, S&P Global has predicted. This is from about….
The Finance Minister Ken Ofori-Atta has said the Debt Sustainability Analysis (DSA) demonstrated unequivocally that Ghana’s public debt is unsustainable. He said the that the government may not be able to fully….
Ghana’s public debt stock went up by ¢9 billion in July 2022 to ¢402.4 billion, the October 2022 Bank of Ghana Summary of Economic and Financial Data has revealed. This….
A Senior Director at ratings agency, Fitch, Mahin Dissanayake, has warned Ghana of a possible sovereign debt default, saying, any kind of debt restructuring could threaten the local banking sector…..
